I've taken quite a few pips out of this pair over the last 2 months and another SELLING opportunity is being flagged by my Disciplindicator Indicator.
The strong support indicated has been tested many times over the last week or so and this is weakening the line. With the incentive of WS1 pivot as a target I believe the BEARS will break through and break this...
EUR/AUD looks like its falling off a cliff. My indicators are telling me there's more downside to come. I'm in at 1.7432 with a STOP at 1.7798 and a TAKE PROFIT at 1.6557. I expect some big swings so a large STOP is necessary but I expect this trade to make progress quite quickly and I can get a B/E STOP before too long.
EA short looks good here. We have seen 1 rejection from the purple box area marked showing us it is respecting the 38.2 fib level as well as the descending trend line and 50 EMA. I'm looking to take this short down to the 61.8 fib level if we see further rejection from the purple box region.
350 PIP GAIN 6/1 RR